Wednesday, June 28, 2017
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IMF cuts US growth outlook to 2.1% amid Trump's absent policies

AFP Washington The lack of details on President Donald Trump's plans to reform the US economy prompted the International Monetary Fund on Tuesday to cut its growth forecast for this year and next. The IMF in January raised the ..

Apple veterans' Pearl Automation shuts down

NYT SAN FRANCISCO Pearl Automation, a Silicon Valley startup founded by former Apple employees who tried to combine Apple's dedication to quality with a more open corporate culture, has gone out of business. The 3-year-old ..

Washington: The lack of details on President Donald Trump's plans to reform the US economy prompted the International Monetary Fund on Tuesday to cut its growth forecast for this year and next. The IMF in January raised the ..

NEW YORK: Oil prices rose about 2 percent on Tuesday and hit a one-week high, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for the third consecutive week. It was ..

London: The euro rebounded against the dollar Tuesday after European Central Bank chief Mario Draghi struck an optimistic tone on the eurozone economy. The European Union is experiencing a newfound confidence that could unlock ..

AFP Sintra, Portugal Anti-euro sentiment has faded over the past year since the British referendum to quit the European Union, according to European Central Bank president Mario Draghi. Speaking late Monday at an annual forum ..

Reuters ROME Ryanair would seek a majority stake in Alitalia if it decides to invest in the loss-making Italian airline, its chief executive said during a visit to Rome on Tuesday. Alitalia filed in May to be put under special ..

Reuters LONDON China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start ..

AFP Tokyo Takata executives faced angry investors on Tuesday after the company at the centre of the world's biggest auto safety recall filed for bankruptcy and said it was being bought by a US company. The filing all but destroys ..

Reuters LONDON British consumer confidence plunged during the political crisis sparked by Prime Minister Theresa May's election flop, hitting the sales of general retailers such as Debenhams just as shoppers'spending ..